His Excellency Mr. Bandar bin Ibrahim Al-Khuraif, Minister of Industry and Mineral Resources and Chairman of the Board of Directors of the Saudi Export Development Authority, confirmed that the value of the Kingdom\u2019s non-oil exports reached 307 billion riyals during the first half of this year, marking the highest half-yearly growth.<\/p>\n
He explained this during his participation in a panel discussion with His Excellency Dr. Muhammad Nidal al-Sha'ar, Syrian Minister of Economy and Industry, as part of the proceedings of \u201cMade in Saudi\u201d exhibition\u201d<\/a><\/strong> Through its programs and initiatives, the Kingdom\u2019s Vision 2030 has helped chart a course of record performance and sustained growth for non-oil exports in recent years, by unlocking national industrial capabilities, supporting local content, enhancing the quality and competitiveness of Saudi products, and expanding their access to various global markets.<\/p>\n He said: \u201cSince the launch of the National Industrial Strategy and the activation of the roles of the Saudi Export Development Authority and the Saudi Export-Import Bank, we have achieved significant growth in non-oil exports, which reached an unprecedented historic high in 2024 at 515 billion riyals, with 200 new products included among those exports.\u201d.<\/p>\n Al-Khuraif explained that the \u201cMade in Saudi Arabia\u201d program serves as an umbrella for developing national products and raising their quality and competitiveness both domestically and globally, and unifying their identity under a single brand that embodies high quality and reliability, thereby enhancing their market penetration and making them the preferred choice in global markets.<\/p>\n During the session, His Excellency welcomed the sisterly Syrian Arab Republic, the guest of honor at the third edition of the \u201cMade in Saudi Arabia\u201d exhibition, noting that the strong fraternal and economic ties between the two countries, as well as their geographical proximity, form an important foundation for strengthening the partnership between the Kingdom and Syria in the industrial sector.<\/p>\n He noted that the Kingdom\u2019s Vision 2030 and the National Industrial Strategy have focused, among their objectives, on Gulf and Arab industrial integration, highlighting opportunities for cooperation between the two countries in the field of industrial cities and enabling Syria to benefit from the Kingdom\u2019s successful experiences in export development and support for local content, thereby enhancing its economic growth.<\/p>\n The Minister of Industry and Mineral Resources highlighted the competence, skills, and high level of craftsmanship demonstrated by Syrian investors in the Kingdom\u2019s industrial sector, expressing his hope that the industrial sector would become an important pillar and a catalyst for the revival of the Syrian economy, as well as a key driver for job creation and the provision of promising investment opportunities.<\/p>\n He spoke about the growth of bilateral trade between the two brotherly countries, noting that Saudi non-oil exports to Syria during the first nine months of 2025 amounted to 1.2 billion riyals, which is a positive sign despite some challenges that remain, particularly regarding the difficulty of transferring funds.<\/p>\n The session is part of the third edition of the \u201cMade in Saudi Arabia\u201d exhibition, which serves as a leading national platform for showcasing the most prominent domestic products and services and discussing ways to strengthen their presence in local and international markets, It also represents a unique opportunity to build partnerships and achieve industrial integration across various sectors, thereby strengthening the identity of Saudi industry.<\/p>","protected":false},"excerpt":{"rendered":" Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>His Excellency the Minister of Industry and Mineral Resources and Chairman of the Board of Directors of the Saudi Export Development Authority, Mr. Bandar bin Ibrahim Al-Khuraif, confirmed that the value of the Kingdom's non-oil exports reached SAR 307 billion during the first half of this year, recording the highest half-yearly growth. During his participation in a dialogue session with the Syrian Minister of Economy and Industry, Dr. Mohammed Nidal ... 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